York expects lower H1 earnings
JSE-listed York Timber expects to report a 45% to 50% year-on-year decrease in its headline earnings per share (HEPS) for the six months ended December 31.
Earnings per share (EPS) and HEPS were expected to decrease to between 10.5c and 11.6c, from 21c in the six months to December 2014.
Core EPS were likely to be between 20% and 25% higher than for the comparative period of 2014.
Operating profit for the six months under review was likely to be 10% to 15% higher than that reported for the comparative period, while net cash flow from operating activities was likely to be between R95-million and R100-million higher than that reported in the six months to December 2014.
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